Diesel has surged to $6.32 per gallon—the king of transportation costs. Rising oil prices ultimately feed through into the prices of everything.
If energy pushes September’s CPI higher again, expectations for Fed rate cuts will be pushed back once more. The stagflationary smell is getting stronger, so don’t rush to go all in on risk assets.
$BTC #CPI #FederalReserve
If energy pushes September’s CPI higher again, expectations for Fed rate cuts will be pushed back once more. The stagflationary smell is getting stronger, so don’t rush to go all in on risk assets.
$BTC #CPI #FederalReserve
